Life Events
Life is full of changes, some unexpected. When these changes occur, they may affect your pension. It’s important during these times to have support that makes the process feel as smooth and stress-free as possible. We’re here to help you navigate through these changes, helping ensure that your financial future remains secure and stable.
The future comes faster than you think. There are steps you can take to make the most of your plan.
Your pension can be one of your most valuable assets. When you retire, your pension is meant to provide you a monthly pension benefit for the rest of your life. Your plan may also offer cost of living adjustments, benefits for your loved ones when you pass away and flexibility allowing you to transfer your pension with you if you decide to leave your employment.
As a new member, there are a few things you should know – get started by selecting your pension plan below.
Not sure which plan is yours? Click here for questions that will help guide you to the right one.
NEW BRUNSWICK PUBLIC SERVICE PENSION PLANUnderstand your pension. Your member booklet covers your pension benefits in detail. In addition, the “At-A-Glance” document provides you with a higher-level summary.
Maximize your pension benefit. More pensionable service means an increased pension benefit when the time comes to retire. Find out whether you are eligible to purchase a period of past service or transfer service from another plan.
Understand your plan’s governance. Your plan is governed by several important documents that serve to guide the Board of Trustees in its oversight of the plan. These documents are available in the Plan Governance section.
Review your annual statement. Your annual statement will provide you with a snapshot of your benefits as of December 31 of the previous year, along with an estimate of your future pension. The document below will help you understand what each section of your statement means.
Stay informed. One of the best ways to stay informed is through our newsletters. As a plan member you will be receiving these by email or by mail on a semi-annual basis.
To view previous newsletters, refer to the Communications section located here.
Understand your pension. Your member booklet covers your pension benefits in detail. In addition, the “At-A-Glance” document provides you with a higher-level summary.
Maximize your pension benefit. More pensionable service means an increased pension benefit when the time comes to retire. Find out whether you are eligible to purchase a period of past service or transfer service from another plan.
Understand your plan’s governance. Your plan is governed by several important documents that serve to guide the Board of Trustees in its oversight of the plan. These documents are available in the Plan Governance section.
Review your annual statement. Your annual statement will provide you with a snapshot of your benefits as of August 31 of the previous year, along with an estimate of your future pension. The document below will help you understand what each section of your statement means.
Stay informed. One of the best ways to stay informed is through our newsletters, as a plan member you will be receiving these by email or by mail on a semi-annual basis.
To view previous newsletters, refer to the Communications section located here.
Understand your pension. Your member booklet covers your pension benefits in detail meanwhile. In addition, the “At-A-Glance” document provides you with a higher-level summary.
Maximize your pension benefit. More pensionable service means an increased pension benefit when the time comes to retire. Find out whether you are eligible to purchase a period of past service or transfer service from another plan.
Understand your plan’s governance. Your plan is governed by several important documents that serve to guide the Board of Trustees in its oversight of the plan. These documents are available in the Plan Governance section.
Review your annual statement. Your annual statement will provide you with a snapshot of your benefits as of December 31 of the previous year, along with an estimate of your future pension. The document below will help you understand what each section of your statement means.
Stay informed. One of the best ways to stay informed is through our newsletters. As a plan member you will be receiving these by email or by mail on a semi-annual basis.
To view previous newsletters, refer to the Communications section located here.
Understand your pension. Your member booklet covers your pension benefits in detail. In addition, the “At-A-Glance” document provides you with a higher-level summary.
Maximize your pension benefit. More pensionable service means an increased pension benefit when the time comes to retire. Find out whether you are eligible to purchase a period of past service or transfer service from the Part-Time and Seasonal Plan.
Review your annual statement. Your annual statement will provide you with a snapshot of your benefits as of December 31 of the previous year, along with an estimate of your future pension. The document below will help you understand what each section of your statement means.
Understand your pension. Your member booklet covers your pension benefits in detail. In addition, the “At-A-Glance” document provides you with a higher-level summary.
Maximize your pension benefit. More pensionable service means an increased pension benefit when the time comes to retire. Find out whether you are eligible to purchase a period of past service or transfer service from the Part-Time and Seasonal Plan.
Review your annual statement. Your annual statement will provide you with a snapshot of your benefits as of December 31 of the previous year, along with an estimate of your future pension. The document below will help you understand what each section of your statement means.
Understand your pension. Your member booklet covers your pension benefits in detail.
Find out more about your pension. Visit Manulife’s PT&S portal.
If you have taken time away from work, find out how you may be able to avoid a gap in your pensionable service.
Life happens! For example, there may be times when you need to take a leave from your work, to care for a new baby, travel, or go back to school. Taking this time off from work can create gaps in your pensionable service, impacting your future pension benefit at retirement. You may be eligible to contribute to your plan to make up for these gaps – this is known as a purchase of service.
Purchasing service increases your pensionable service and, in turn, increases your pension benefit at retirement – it could even allow you to retire sooner! Other events in your life may also allow for you to purchase service, such as having previously refunded service from certain pension plans, prior service when you weren’t contributing, or portions of long-term disability, for example.
It’s important to note that certain purchases of service are time-sensitive, and either have a deadline or increase in cost as your age and salary increases. If you think you may qualify for a purchase of service, we suggest you begin considering your options as soon as possible.
Find out more by accessing the information below.
Not sure which plan is yours? Click here for questions that will help guide you to the right one.
Estimate the cost of your purchase of service Begin the Process by Completing a Purchase of Service ApplicationIf you stop working, you have options for the benefits you’ve accumulated in the plan.
If you leave your employment, you’ll need to decide what to do with the assets you’ve accumulated in your pension plan.
- Your first step is to complete a Termination Form, which is usually provided by your employer.
- Your employer will then send your completed form to us.
- Once it has been processed, we’ll mail your termination options to you directly.
Because we will be mailing this information to you, it is very important that you ensure your contact information is up-to-date with us. If your address has recently changed, contact our Member Services team at 1-800-561-4012.
Over the course of your career you may experience a lot of changes – professionally and personally.
If you’re experiencing a separation or divorce, your pension may be affected. More information on this is included in the Marriage Breakdown Booklet available below.
If you have any questions, please don’t hesitate to contact our Member Services team by telephone at 1-800-561-4012 or by email at info@vestcor.org.
During your career your retirement may have felt like nothing more than a dot on the horizon. Now it’s nearly here. Time to get ready.
| Planning for Retirement | To get an estimate of your future pension benefit, based on a retirement date of your choosing, visit our pension estimate calculator.
If you’re a member of the NBPSPP, NBTPP, CBE SRP or CUPE Hospitals SRP, you will need your most recent Employee Statement of Pension Benefits to obtain an estimate. Don’t have a copy? Contact us at 1-800-561-4012. |
| Applying for your pension is easy, but it’s important you follow the timelines below to ensure you have everything ready for your retirement date (click here to download this as a checklist). | Retirement Checklist |
- Contact us to request a formal pension benefit estimate
- Collect your required documentation, including:
- Government Issued Identification (NB Driver’s Licence, Passport or Birth Certificate)
- Marriage Certificate or Common Law Partner Declaration
- Spouse’s Birth Certificate (if applicable)
- For information regarding the Canada Pension Plan (CPP) and Old Age Security (OAS), visit www.canada.ca/en/services/benefits/publicpensions.html.
Contact your employer to complete a Retirement Application form – congratulations, you’re almost there!
- Once we receive your Retirement Application form, you can expect to receive your benefit options within 60 days.
- Once you receive these options, select your preferred pension option and return the completed package to us as soon as possible.
- If you have any questions relating to your options, contact our Member Services team at 1-800-561-4012.
Visit the Retirement section of Money Matters for a collection of Vestcor and third-party resources.
You’ve earned pension benefits, now is the time to enjoy them! We’ll tell you all you need to know about your pension.
Congratulations and welcome to retirement! Below you’ll find some answers to questions you may have about your pension plan.
When will I receive my pension payment?Select your pension plan below to find out when your monthly pension payments are scheduled for in 2026.
If you’ve changed banking institutions or opened a new account, make sure to let us know as soon as possible by calling 1-800-561-4012.
We also recommend that you keep your old account open until you’ve seen a pension payment deposited into your new account.
Notices of Deposit confirm your gross and net pension amounts; when you receive one, it means that there has been a change in your net pension amount.
Make sure to keep these notices – if you require proof of income for any reason, you’ll need these documents.
If you are planning on moving or have already moved, please advise us of your new address by completing the Change of Address Form or by calling 1-800-561-4012.
If you have owed money after filing your income tax return in the past few years, you may want to consider increasing the amount of tax withheld from your monthly pension payment. By doing so, you can reduce how much money you owe when you file your tax return next year.
It’s very easy to do. Simply complete the Request for Income Tax Deduction Form below or call 1-800-561-4012 and a form will be mailed to you.
For information relating to the Canada Pension Plan and Old Age Security, contact the Government of Canada toll free at 1-800-277-9914. You can also visit their website at Canada.ca.
If you’ve recently lost a loved one who was a member of one of the pension plans, you may be eligible for survivor benefits.
We are committed to helping you through this difficult time – you can find the resources you need by selecting an option below.
Was the member who passed away an active member (currently employed or on sick leave) or retired?
Active (was employed or on sick leave)If your loved one was an active member (employed or on sick leave), their employer will notify Vestcor of their passing. Vestcor will provide the member’s applicable survivor with documentation, from which they can select their preferable pension-related option.
If you have any questions about this process, contact our Member Services team by telephone at 1-800-561-4012 or in writing at info@vestcor.org.
If your loved one was a retired member of one of the following pension plans, please call us as soon as possible to notify us of their passing, and to inquire about any available death benefits. Contact the Member Services Team by telephone at 1-800-561-4012 or by email at info@vestcor.org.
- New Brunswick Public Service Pension Plan (NBPSPP)
- New Brunswick Teachers’ Pension Plan (NBTPP)
- CBE Pension Plan (Shared Risk Plan for Certain Bargaining Employees of New Brunswick Hospitals – CBE SRP)
- Shared Risk Plan for CUPE Employees of NB Hospitals (CUPE Hospitals SRP)
- Pension Plan for Full-Time CUPE Local 2745 of NB School Districts (CUPE 2745 Pension Plan)
- Pension Plan for General Labour, Trades and Services Employees of NB School Districts – Custodians, Bus Drivers & Maintenance Workers (GLT&S Pension Plan)
- Pension Plans for Members of the Legislative Assembly (MLA Plans)
- Pension Plan for Provincial Court Judges (Judges Pension Plans)
- Part-Time and Seasonal Employees of New Brunswick Pension Plan (PT&S)